|
|
Subject |
Considerations for your company |
|
Employer
of Record Responsibilities |
Employee taxes are reported and deposited under the client’s FEIN. |
In a PEO - ASO arrangement the PEO does not formally take on the employer of record responsibilities. Although they provide all of the same governmental reporting tasks, it is done under the Federal Employer Identification Number (FEIN) of the client company, much like a payroll service might do. The client company remains legally responsible for all tax remittances and payroll law compliance. |
|
Workers’
Compensation Insurance |
Coverage provided by policy in client's
name. |
Coverage provided under your own "stand-alone" policy. If your company currently has an attractive Workers' Compensation insurance policy in place, a PEO - ASO arrangement can help you administer your own policy. A PEO offering an ASO arrangement can also assist you with obtaining your own "stand alone" policy. |
|
Safety
and Risk Management |
Claims management provided by PEO. Safety guidance
provided by PEO. |
Coverage provided under your own "stand-alone" policy. If the PEO is assisting you with obtaining your own policy, then the PEO will take on a more advisory capacity...any adverse claims experience will affect your experience rating and not theirs. |
|
Health
Plans |
Coverage provided by policy in clients name. |
Coverage provided under your own "stand-alone" policy. If your company currently has an attractive Health Plan in place, some PEOs can assist you with administering your plan. PEOs offering an ASO arrangement can assist you with obtaining your own "stand alone" health plan. This has the advantage of being portable if your decide to terminate the PEO relationship. |
|
Employee Benefits |
Supplemental benefits offered by policy in client's
name. 401K provided by policy in clients
name. |
Same as "Classic PEO" arrangement. |
|
Human
Resources |
Multitude
of services offered in either “a la carte” or bundled pricing.
|
Same as "Classic PEO" arrangement. |
|
Regulatory
Compliance |
Provided
by PEO |
Same as "Classic PEO" arrangement. |
StaffMarket Services, LLC
431 12th Street West, Suite 202
Bradenton, Florida 34205
(get map)
Phone: 941-750-9450 - Fax: 877-471-5608
Office hours are 9:00am to 5:00pm EST
Send e-mail to: StaffMarket Information
Copyright
2013 StaffMarket Services. All rights reserved.
StaffMarket and StaffMarket.com are registered trademarks of StaffMarket Services, LLC.
Patent Pending
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